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Mr Ricci says colourfully that the firm aims to be a "flow monster"—ie, to make money by trading based on clients' orders, rather than by speculating with its own capital.
Barclays and Deutsche Bank, the region's two "flow monsters" (with huge trading volumes based on clients' orders), have continued to expand through the crisis, but their home markets are suffering from anaemic growth and expansion abroad is becoming more difficult as new regional competitors pop up in fast-growing emerging markets.
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Timeous response to clients orders: we cannot afford to delay the client's order for whatever reason as this will have a negative bearing on our image and reputation, including future business.
Timely response to clients' orders: We cannot afford to delay our clients for whatever reason, as this will have a negative bearing on our image and reputation, including future business.
Morgan Stanley's brokerage arm wrote in an internal memorandum on Wednesday that it was reviewing clients' orders and might reimburse customers for pricing discrepancies.
To bringing on clients?
"We no longer take on clients.
In addition well-done company profiles and business cards often have a triggering effect on clients contemplating ordering our products.
Mr. Stitt's clients order sweetbreads and rillettes without a qualm when such dishes appear on the menu.
MiFID II also applies to platforms providing services similar to brokers/dealers, i.e., dealing on their own accounts or executing client orders against their proprietary capital.
Insurance companies may also require that therapists report on clients' progress in order to assess granting more sessions, which raises issues that concern me, for one, about them being big buttinskis.
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